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The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?

Options:

Costs of maintaining and reconciling ledgers can be reduced

Transactions are recorded by a sole participant

It will be easy to understand and work with.

Records can be easily changed and amended

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Question 2

The board of company B, a small company, is meeting to discuss the financial year end accounts following the first year of a consolidation of operations.

Of the results provided, select whether each set of information should be reported externally or internally.

Options:

Question 3

The Finance function of XZY company, which is based in the UK. are planning how they can minimise the corporation tax costs

Which of the following is correct?

Options:

Tax avoidance aims to reduce the amount of tax payable and is legal

Tax avoidance aims to reduce the amount of tax payable and is illegal

Tax avoidance operates within the spirit of the law.

Tax avoidance is the same as tax mitigation

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